Vietnam’s real estate market continues to show clear differentiation. Purchasing power in July fell by 60-70% across several segments as customers remained cautious about home prices and borrowing costs, while supply in the first half of the year increased by approximately 40%, with most new products concentrated in high-priced areas or locations far from city centers. Secondary apartment prices in several localities have started to adjust, while land prices declined by about 2-3% from the previous quarter, according to the Ministry of Construction. Weak liquidity, rising interest rates and tighter credit controls have also forced many property companies to scale down operations, cut costs and seek partners to maintain cash flow. HoREA said that more than 146,000 condotels and other emerging accommodation property types need to be governed by a unified legal framework. Regarding policy and project development, Thanh Hoa has approved the 1:500 detailed planning for a service urban are...
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